Plan Ledger DOL Form 5500 · updated monthly

The Arc of Frederick County, Inc.403(b)

THE ARC OF FREDERICK COUNTY TAX DEFERRED SAVINGS PLAN · FREDERICK, MD · plan year 2024

Reported admin expense ratio · 2024
0.53%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

The Arc of Frederick County, Inc. reported $56,589 in plan administrative expenses for 2024: 0.53% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,052 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.34% to 0.53%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Maryland (930th of 1,671), and the 5,307th of 11,911 in health care & social assistance. In 2024, the employer put in $2.15 for every $1.00 employees contributed themselves; active participation has grown from 162 to 341 since 2022.

Plan summary
Net assets, end of year$11,457,046
Participants with balances191
Active participants341
Employer contributions$699,759
Employee contributions$326,074
Employer contribution per active participant$2,052
Average account balance$59,985
Benefits paid to participants$664,616
Plan auditUnmodified (clean) audit opinion
AuditorMULLEN SONDBERG WIMBISH & STONE, PA
Plan history3
Yearassets · accounts · employer contribution
2024$11.5M · 191 accts · $700K emplr
2023$9.8M · 166 accts · $623K emplr
2022$8.1M · 160 accts · $804K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$56,589
Total administrative$56,589
The The Arc of Frederick County, Inc. 401(k) match · 2024
Employer contribution per active participant$2,052
Median for plans this size$2,416
2024$2,052 per active participant
2023$3,667 per active participant
2022$4,963 per active participant

The Arc of Frederick County, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
CBIZ INVESTMENT ADVISORY, LLCindirect comp
CBIZ BENEFITS & INSURANCE SERVICES · Other servicesindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$56,589 · 0.53%
2023$36,325 · 0.40%
2022$25,411 · 0.34%
Similar plansHealth Care & Social Assistance · Maryland
Kaboom! Inc. MD$11.9M · 0.44%
Laser Assets, Inc. MD$11.6M · 0.01%
Broadmead, Inc. MD$11.5M · 0.66%
Total Health Care Inc. MD$11.0M · 0.68%
Family Services, Inc. MD$10.3M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 526055211 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.